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Pulished Date February, 2020
ID: 9021
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Global ePharmacy/Online Pharmacy Market Size, Share, Trends and Growth Analysis Report - Segmented By Drug Type (Prescription Drugs & Over the Counter Drugs), By Product Type (Skin Care, Dental, Cold & Flu, Vitamins, Weight Loss and Others), By Region - Industry Forecast | 2020 to 2025

Pulished: February, 2020
ID: 9021
Pages: 120

Global ePharmacy Market Size, Growth (2020 to 2025)

As per our report, the ePharmacy Market (Online Pharmacy Market) size at a global level is estimated at USD 42.32 billion in 2020 and will reach USD 107.53 billion by 2025, at a CAGR of 14.2% during the forecast period. Increasing the prevalence of the internet of things across the world and the growing use of smartphones and tablets are the key factors driving the demand of the global Online Pharmacy market.

TOP 5 U.S. Pharmacy Chains, By Total Prescription Revenues, 2017

Retail Pharmacy Chain

Estimated Prescription Revenues in 2017 (billions)

Drug market Share

CVS Health

$98.1

23.8%

Walgreens Boots Alliance

$64.3

15.6%

Walmart

$20.5

5%

Rite Aid

$15.8

3.8%

Kroger

$13.1

3.2%

   Source: drugchannels.net

  • CVS Health is one of the largest pharmaceutical company which runs pharmacy drug stores along with which it also manages 'Rx benefit management division' familiarly known as 'CVS Caremark'. This company organizes many health services with nurse practitioners and physicians, where they treat minor health conditions. Also, this company has launched a drug named 'Rx Savings Finder' which is available at a low cost.
  • Walgreens Boots Alliance competes with CVS Health Company and leading international pharmacy in the health and beauty group. Other than pharmacies drugs, this company also ensures to operate mail-order pharmacy and some other speciality care for the patients.
  • Walmart stores are holding third-largest shares in the chain with USD 20.5 billion in 2017. These stores provide convenience and affordability for the consumers. It launches over the counter drugs and other beauty products at the lowest prices, which are making the company have the most significant shares.
  • Rite Aid is to come up with a strategic plan to compete with the largest shares companies. To recover its brand image, the company should increase its drug store and restore prescription drugs at affordable prices.
  • Kroger is a strong competitor in the U.S. pharmaceutical chain. This company is in a rush to offer generic prescription medications at lower prices.

KEY MARKET TRENDS

The growing scope of e-commerce has made it easy for e-Pharmacy to capture a large customer base in both developed and developing countries of the world. This generation relies heavily on the online supply of products such as cosmetics and medicines without a prescription. There are also various startups around the world due to the advent of new information technologies and algorithms that provide a better experience and consumer satisfaction. It is believed that new technologies based on artificial intelligence will ensure better customer satisfaction in the market. All of these factors are escalating the growth of the global e-pharmacy market.

Rising incidences of chronic diseases and increasing awareness over the online pharmacies is to surge growth opportunities for the global ePharmacy market. Furthermore, the market is propelled by the implementation of e-prescription, which is an easy and convenient process in pharmaceutical companies.

Government agencies' efforts to reach regulatory agreements and ethical practices in the field of e-pharmacy in some major dynamic regional markets are expected to open lucrative business opportunities for the stakeholders operating in the global ePharmacy market.

There are strict regulations for the sale of prescription drugs through online channels. Sales of prescription drugs through the electronics industry in North America and Europe are highly regulated, and companies must comply with various rules that could have an impact on ePharmacy Market development in these areas. Besides, not all countries in the world have legalized the sale of prescription drugs through websites. It is believed that factors such as the unregulated sale of prescription drugs that could lead to online drug bans will lead to lower revenue in the world ePharmacy Market. Possible confidentiality, improper packaging, failure to verify drug interactions are other significant challenges that can slow the growth of the online pharmacy market.

However, the rise in the fraud activities is slightly restraining the demand of the ePharmacy market. Security and privacy concerns among people have remained a challenging factor for the Online Pharmacy market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 – 2025

Segments Analyzed

By Drug Type, Product Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analyzed

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies Analyzed

Lloyds Pharmacy Ltd., Planter, CVS HealthCanada DrugsMedicateExpress Scripts Holding CompanySecure Medical Inc., Walmart Stores Inc., Sani care AB, Walgreen Co., The Kroger Co., Doctors, Rowlands Pharmacy, Giant Eagle Inc. and Optus Rx Inc.

 

This research report on the Global ePharmacy Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.

ePharmacy Market Analysis - By Drug Type

Based on drug type, the OTC drugs segment witnessed the most significant shares of the market. The rise in the demand for electronic devices rather than traditional techniques is mainly fuelling the growth of the ePharmacy market.

Over the counter market segment has the most significant growth in the e-pharmacy market since the beginning due to reliability, no-need of prescription, and more convenient for the consumer to purchase it. The OTC drugs are regulated by authorized agencies to provide a better substitute for the drug content same active pharmaceutical ingredients with consideration of safety and efficacy when administrated without physician consultant. The OTC drug counter has the available number of types of general conventional disease medicine, which quickly taken by consumers. The OTC segment had the fastest e-pharmacy market growth in 2019. However, at present, the prescription segment is also increasing at a significant rate due to the rise in the demand for online prescriptions.

ePharmacy Market Analysis - By Product Type

  • Skin Care
  • Dental
  • Cold And Flu
  • Vitamins
  • Weight Loss
  • Others

Based on product type, the Skincare segment is ruling with the highest shares of the ePharmacy market with the increasing concern towards the beauty conscious. Skincare and nutrition segments are more lucrative segments than others. Nutrition such as vitamins and body gain and loss powder influencing the e-pharmacies market in recent year. Also, the female has an enormous demand for skincare products through e-pharmacies.

Regional Insights:

North America accounted for dominant shares of the global ePharmacy market by owing to the emergence of software technology in the medical sector. North America has the largest e-pharmacy market in across the world, due to high adoption of e-commerce, rising online platform for purchasing products, and rapid population growth is the crucial factor that fuelling global e-pharmacy Market. There are prominent vital players and development in pharmaceutical and other life sciences industries that more demand for e-pharmacies market. The U.S. is the largest segment for e-pharmacies market due to awareness of health and wellness as well as rising chronic diseases in this country. Reliable internet connection, more number of geriatric patients, and more developed information technology structure will help the market grow in the United States. Recently, the food and drug administration (FDA) is providing more information about e-pharmacy to citizens is significantly influencing the market towards growth side. Europe e-pharmacy market is regulated by strict regulations government; even so, the growth of the e-pharmacy market is moderate in this country.

The Asia Pacific is the second-highest in leading the demand of the market. Asia-pacific is expected to reach the highest market share in the coming years due to the presence of large patients and rising population. China and India are the substantial population countries with the presence of prominent key players that accelerate the demand of an e-pharmacy product in the global market. Changing regulations in the various countries and rising interest of international players in these markets with the new implementation and rapid penetration of web cloud-based technology will foresee the growth of the e-pharmacy market everywhere.

Europe is registered in having the fastest growth rate from recent years and also to hit the highest CAGR in the coming years. Increasing support from the I.T. sector and adoption of cloud-based technology in every application is lavishing the demand of the ePharmacy market. The Middle East and Africa are to have prominent shares shortly.

TOP COMPANIES IN THE MARKET

Key market participants playing a crucial role in the global ePharmacy market profiled in this report are CVS Health, Walmart Stores, Inc., Walgreen Co., The Kroger Co., Rite Aid Corp, Lloyds Pharmacy Ltd., Planter, Canada Drugs, Medicate, Express Scripts Holding Company, Secure Medical Inc., Sani care A.B., Doctors Rowlands Pharmacy, Giant Eagle, Inc. AND Optus Rx, Inc.

Recent developments in the ePharmacy industry:

In March 2019, in India, the National Association of Boards of Pharmacy (NABP) had certified 1mg with LegitScript. It is the first company in India to get this certificate.

In January 2019, Swedish online pharmacy company focused on expanding its business across Europe by funding USD 5.5 million. It is to increase its portfolio in the online pharmacy market.

In November 2016, the Hyperlocal drugs delivery app was acquired by Netmeds Marketplace, where it delivered an application named Pluss for an undisclosed amount.

In June 2015, the acquisition between the Rite Aid Corp and Envision Rx Options had made many developments in the ePharmay industry. Mail-order pharmacy, along with prescription medicines, are provided due to this acquisition. Rite Aid Corp has entered into the Online Pharmacy Market with this acquisition and leading with the most significant shares.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Drug Type
      1. prescription drugs
      2. over the counter drugs
      3. Y-o-Y Growth Analysis, By Drug Type
      4. Market Attractiveness Analysis, By Drug Type
      5. Market Share Analysis, By Drug Type
    2. By Product Type
      1. skin care
      2. dental
      3. cold and flu
      4. vitamins
      5. weight loss
      6. others
      7. Y-o-Y Growth Analysis, By Product Type
      8. Market Attractiveness Analysis, By Product Type
      9. Market Share Analysis, By Product Type
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Drug Type
        3. By Product Type
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Drug Type
        3. By Product Type
      5. Market Share Analysis      
        1. By Geographical Area
        2. By Drug Type
        3. By Product Type
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Lloyds Pharmacy Ltd.
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Planter
    3. CVS Health
    4. Canada Drugs
    5. Medicate
    6. Express Scripts Holding Company
    7. Secure Medical Inc.
    8. Walmart Stores Inc.
    9. com Inc.
    10. Sani care AB
    11. Walgreen Co.
    12. The Kroger Co.
    13. Doctors Rowlands Pharmacy
    14. Giant Eagle Inc.
    15. Optus Rx Inc.
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global ePharmacy/Online Pharmacy Market By Region, From 2020 to 2025 ( USD Million )
  2. Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  3. Global Skin Care Market By Region, From 2020 to 2025 ( USD Million )
  4. Global Dental Market By Region, From 2020 to 2025 ( USD Million )
  5. Global Cold And Flu Market By Region, From 2020 to 2025 ( USD Million )
  6. Global Vitamins Market By Region, From 2020 to 2025 ( USD Million )
  7. Global Weight Loss Market By Region, From 2020 to 2025 ( USD Million )
  8. Global Others Market By Region, From 2020 to 2025 ( USD Million )
  9. North America Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  10. North America Skin Care Market By Region, From 2020 to 2025 ( USD Million )
  11. North America Dental Market By Region, From 2020 to 2025 ( USD Million )
  12. North America Cold And Flu Market By Region, From 2020 to 2025 ( USD Million )
  13. North America Vitamins Market By Region, From 2020 to 2025 ( USD Million )
  14. North America Weight Loss Market By Region, From 2020 to 2025 ( USD Million )
  15. North America Others Market By Region, From 2020 to 2025 ( USD Million )
  16. United States Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  17. Canada Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  18. Europe Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  19. Europe Skin Care Market By Region, From 2020 to 2025 ( USD Million )
  20. Europe Dental Market By Region, From 2020 to 2025 ( USD Million )
  21. Europe Cold And Flu Market By Region, From 2020 to 2025 ( USD Million )
  22. Europe Vitamins Market By Region, From 2020 to 2025 ( USD Million )
  23. Europe Weight Loss Market By Region, From 2020 to 2025 ( USD Million )
  24. Europe Others Market By Region, From 2020 to 2025 ( USD Million )
  25. U.K. Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  26. Germany Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  27. France Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  28. Italy Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  29. Spain Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  30. Asia Pacific Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  31. Asia Pacific Skin Care Market By Region, From 2020 to 2025 ( USD Million )
  32. Asia Pacific Dental Market By Region, From 2020 to 2025 ( USD Million )
  33. Asia Pacific Cold And Flu Market By Region, From 2020 to 2025 ( USD Million )
  34. Asia Pacific Vitamins Market By Region, From 2020 to 2025 ( USD Million )
  35. Asia Pacific Weight Loss Market By Region, From 2020 to 2025 ( USD Million )
  36. Asia Pacific Others Market By Region, From 2020 to 2025 ( USD Million )
  37. Japan Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  38. China Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  39. India Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  40. Australia Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  41. South Korea Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  42. Latin America Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  43. Latin America Skin Care Market By Region, From 2020 to 2025 ( USD Million )
  44. Latin America Dental Market By Region, From 2020 to 2025 ( USD Million )
  45. Latin America Cold And Flu Market By Region, From 2020 to 2025 ( USD Million )
  46. Latin America Vitamins Market By Region, From 2020 to 2025 ( USD Million )
  47. Latin America Weight Loss Market By Region, From 2020 to 2025 ( USD Million )
  48. Latin America Others Market By Region, From 2020 to 2025 ( USD Million )
  49. Brazil Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  50. Argentina Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  51. Mexico Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  52. Rest of Latin America Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  53. Middle East and Africa Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  54. Middle East and Africa Skin Care Market By Region, From 2020 to 2025 ( USD Million )
  55. Middle East and Africa Dental Market By Region, From 2020 to 2025 ( USD Million )
  56. The Middle East and Africa Cold And Flu Market By Region, From 2020 to 2025 ( USD Million )
  57. The Middle East and Africa Vitamins Market By Region, From 2020 to 2025 ( USD Million )
  58. The Middle East and Africa Weight Loss Market By Region, From 2020 to 2025 ( USD Million )
  59. The Middle East and Africa Others Market By Region, From 2020 to 2025 ( USD Million )
  60. Middle East Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million )
  61. Africa Global ePharmacy/Online Pharmacy Market By Product, From 2020 to 2025 ( USD Million

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